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USD/JPY Back To Neutral

JPY

It looks like XXX/JPY cross demand became evident into the Tokyo fix, with USD/JPY trading back up to neutral levels around Y123.90, while markets looked through the latest round of comments from Japanese Finance Minister Suzuki as he flagged a need to closely watch market moves to avoid “negative JPY weakness.” A fresh uptick in U.S. Tsy yields also seemed to feed into the bid in XXX/JPY crosses.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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